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LET Group and Summit Ascent to Exit Hong Kong Exchange September 1

August 19, 2025

Latest Casino and Gambling News, Gaming Law & Legislation, Gaming Industry News, Hong Kong, Economy/Finance

Casino-linked investment company LET Group Holdings Ltd and its subsidiary Summit Ascent Holdings Ltd will be removed from the Hong Kong Stock Exchange at the start of September, concluding a lengthy period of ...

Hong Kong Eyes Legal Basketball Betting with 50% Tax on Net Profits

Johnny K.

June 7, 2025

Gaming Law & Legislation, Latest Casino and Gambling News, Online gambling regulation, World Casino News, Gaming Industry News, Hong Kong, Sports betting, Online Gambling News, Asian Casino News

Hong Kong is preparing to introduce legalized basketball betting, backed by overwhelming public support and a proposed 50 per cent tax on the operators’ net earnings. The initiative, currently under legislative...

Hong Kong to Consider Legalization of Basketball Betting to Address Fiscal Deficit

Vanja Mitic

February 24, 2025

Online gaming software, Latest Casino and Gambling News, Gaming Law & Legislation, Online gambling regulation, Hong Kong, Gaming Industry News, Mobile gaming, Online Gambling News, Sports betting

In an effort to mitigate its nearly HK$100 billion (US$12.9 billion) fiscal deficit, Hong Kong's finance chief is reportedly considering the legalization of basketball betting, a move anticipated to significant...

Sands China Declares First Dividend Since 2019

Johnny K.

February 24, 2025

Latest Casino and Gambling News, China, World Casino News, Hong Kong, Gaming Industry News, Economy/Finance, Asian Casino News, Macau, Financial Press Releases

Sands China Ltd has officially reinstated dividend payments for the first time in five years, announcing a final dividend of HKD 0.25 (USD 0.032) per share for the financial year ending December 31, 2024. The d...

Macau Hits Record Post-Pandemic Tourist Arrivals During Chinese New Year

Johnny K.

February 3, 2025

Taiwan, Latest Casino and Gambling News, World Casino News, China, Gaming Industry News, Hong Kong, Economy/Finance, Asian Casino News, Macau

Macau experienced a surge in visitor numbers during the Chinese New Year (CNY) period, with January 31, the third day of the holiday, marking the highest single-day arrivals since the pandemic. Public Security ...

Macau’s Ponte 16 Advances Floating Casino Project With New Land Agreement

Johnny K.

November 6, 2024

Casino News, Latest Casino and Gambling News, World Casino News, Casino project updates, Hong Kong, Macau, Asian Casino News

Macau’s Ponte 16 resort has secured government approval to expand its facilities with a significant addition: a floating casino named the "Macau Palace." This landmark project will form part of a broader revita...

Hong Kong SFC Sues LET Group Chairman Andrew Lo for Alleged Misconduct

Johnny K.

October 2, 2024

Latest Casino and Gambling News, Gaming Law & Legislation, World Casino News, Gaming Industry News, Hong Kong, Economy/Finance, Asian Casino News, Fines, Lawsuits & Litigation

The Securities and Futures Commission (SFC) of Hong Kong has initiated legal proceedings against Andrew Lo, the Chairman and controlling shareholder of both LET Group Holdings and Summit Ascent Holdings. This l...

Increase in Football Betting Duty Sees Decline in Income for Hong Kong Jockey Club

Vanja Mitic

September 6, 2024

Latest Casino and Gambling News, Hong Kong, Gaming Industry News, Economy/Finance, Financial Press Releases

The Hong Kong Jockey Club (HKJC) has reported a notable drop in income for the fiscal year ending 30 June 2024, totaling HK$14.8 billion (US$1.90 billion), a 10.5% decrease from the previous year. This decline ...

Chinese Police Intensify Crackdown on Euro 2024 Illegal Gambling Rings

Vanja Mitic

July 5, 2024

Gaming Law & Legislation, Online gaming software, Latest Casino and Gambling News, World Casino News, China, Hong Kong, Gaming Industry News, Mobile gaming, Unlicensed Operation, Asian Casino News, Sports betting, Online Gambling News, Crime

As football enthusiasts around the globe immerse themselves in the UEFA European Championship (Euro 2024), Chinese authorities have been actively disrupting a surge of illegal online gambling activities associa...

Police Crackdown on US$134 Million Illegal Bookmaking Syndicate in Guangdong, Hong Kong, and Macau

Johnny K.

July 1, 2024

Latest Casino and Gambling News, China, World Casino News, Hong Kong, Money Laundering, Illegal Bookmaking, Macau, Sports betting, Online Gambling News, Asian Casino News, Crime

In a significant breakthrough, police forces from Guangdong, Hong Kong, and Macau have successfully dismantled an illegal bookmaking syndicate, leading to the arrest of 93 suspects. The Macau Judiciary Police r...

Beijing Expands Duty-Free Shopping Limit for Mainland Chinese Tourists in Hong Kong

Johnny K.

June 29, 2024

China, World Casino News, Hong Kong, Macau, Asian Casino News

Chinese tourists are set to enjoy expanded duty-free shopping benefits in Hong Kong, as Beijing plans a substantial increase in the current purchasing limit, according to a report from the Hong Kong media outle...

Summit Ascent Expects Net Loss for Full 2023; Reports an Impairment Loss of US$56m

Marija Malenovic

April 1, 2024

Casino News, Latest Casino and Gambling News, World Casino News, Hong Kong, Gaming Industry News, Economy/Finance, Asian Casino News, Fines, Lawsuits & Litigation

It was recently reported that Summit Ascent Holdings Ltd., a subsidiary of LET Group Holdings Ltd., commented that it projects to reveal a the net loss for the entire last year, in comparison to income of HKD11...

XSGames Looking to Expand in Europe through Acquisition of Palasino Holdings’ Shares

Radosav Milutinovic

March 26, 2024

Following the 2022 US market entry, the Taiwanese gaming and investment company XSGames is working to expand its slot machine developments to European market. As reported, the online gaming content and slot mac...

Termination Notice Halts Acquisition of the Tigre de Cristal Casino in Vladivostok

Radosav Milutinovic

February 23, 2024

Casino Sales, Casino News, Latest Casino and Gambling News, Taiwan, Casino Destinations, World Casino News, Casino project updates, Hong Kong, Gaming Industry News, Economy/Finance, European Casino News, Online Gambling News, Mergers, Acquisitions & Partnerships, Russia

The announced ownership transformation of the Tigre de Cristal integrated resort near Vladivostok in Russia has come to a halt. As reported, the Russian company Dalnevostochnyj Aktiv LLC has withdrawn from the ...

Record-Breaking Daily Visits To Macau Exceed 200,000 to Improve Casino Stocks by up to 10%

Radosav Milutinovic

February 14, 2024

Reviews from the Cotai Strip, Latest Casino and Gambling News, Casino Destinations, Casino News, Casino reviews from Macau, World Casino News, China, Gaming Industry News, Hong Kong, Online Gambling News, Macau

Macau gambling industry experiences a rapid growth these days thanks to the Lunar New Year celebrations bringing in an increased number of tourists from Mainland China and Hong Kong. The city officials have rep...

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LET Group and Summit Ascent to Exit Hong Kong Exchange September 1

Hong Kong Eyes Legal Basketball Betting with 50% Tax on Net Profits

Hong Kong to Consider Legalization of Basketball Betting to Address Fiscal Deficit

Sands China Declares First Dividend Since 2019

Macau Hits Record Post-Pandemic Tourist Arrivals During Chinese New Year

Macau’s Ponte 16 Advances Floating Casino Project With New Land Agreement

Hong Kong SFC Sues LET Group Chairman Andrew Lo for Alleged Misconduct

Increase in Football Betting Duty Sees Decline in Income for Hong Kong Jockey Club

Chinese Police Intensify Crackdown on Euro 2024 Illegal Gambling Rings

Police Crackdown on US$134 Million Illegal Bookmaking Syndicate in Guangdong, Hong Kong, and Macau

Beijing Expands Duty-Free Shopping Limit for Mainland Chinese Tourists in Hong Kong

Summit Ascent Expects Net Loss for Full 2023; Reports an Impairment Loss of US$56m

Termination Notice Halts Acquisition of the Tigre de Cristal Casino in Vladivostok

Record-Breaking Daily Visits To Macau Exceed 200,000 to Improve Casino Stocks by up to 10%

Jeju Dream Tower Casino Achieves Record Revenue and Visitor Numbers

Underdog Partners with Crypto.com to Offer Sports Prediction Markets

Kazakhstan Weighs Criminal Penalties for Influencers Promoting Gambling

Billionaire Developer Sues Star Sydney for $37 Million Over Gambling Losses

Sweden’s Gambling Channelization Falls Short of Government Target